Wholesaling Real Estate in Louisiana

[Joseph Steven Spires Jr]

Hello Friends and REI experts. I want to ask questions about Wholesaling in my state of Louisiana, more of like in my area around the New Orleans Metro area. I have been interested in doing wholesaling houses for a while now, and have been actively been working on looking for deals.

I currently have found like 11 vacant homes in my area, which are in a good school area, low-to-no crime area, and are in good neighborhoods.

I’m not very familiar with Skip tracing, but I have used White pages and TruePeopleSearch.com to find people of these homes.

So far I have done calculating one home with an ARV of $223,000, and about $60k in repairs, but I don't know what to do about the owner.

He is currently dead, and his heirs I don’t know of. Around 10am tomorrow I was going to talk to the neighbors about looking into the home, to see if they know one of the owner’s sons or daughters.

Any tips on what I should do next? Maybe something I’ve missed?

Thank you for your time 😁

[Sean Morrison]

First, consider joining the NOREIA or Northshore REIA, we'd love to have you. Second, with a deceased owner, you could try the clerk of courts (in either Orleans or Jeff Parish, depending on the property) to see if somebody has filed a succession. Though it's possible nobody did. Talking to the neighbors is probably a great way to learn about the property.